Skip to comments.Did Obama Just Throw Keynes Under the Bus?
Posted on 02/11/2010 8:14:01 AM PST by UltraConservative
Today, President Obama made the most stunning remarks on the economy he has made during his tenure:
"For growth to be truly sustainable -- for our prosperity to be truly shared and our living standards to actually rise -- we need to move beyond an economy that is fueled by budget deficits and consumer demand," the president said.
"In other words, in order to create jobs and raise incomes for the middle class over the long run, we need to export more and borrow less from around the world, and we need to save more money and take on less debt here at home."
This is an incredible admission from the nation's leading advocate of inflating and spending your way out of recession ...
Read more here.
Don’t pay any attention the whatever he says. It’s what he DOES that matters. He’ll say anything that will get his poll numbers above 50% and do absolutely the opposite of what he says...............
Is Zero taking a page out of Clintoon’s Presidency? We will have to wait and see. Zero is good at SAYING one thing and DOING the exact opposite.
Zer0 is still a f’n retarded empty suit.
muzzies lie... it is what they do best... that and chopping heads off.
That’s what his lackeys are for. To do the exact opposite of what he says. I’m amazed that there are still people on the right who haven’t figured it out yet.
Do not pay attention to what Obama says. He will say ANYTHING. We only need pay attention to what he does. Once more people figure out that his words mean nothing, they will pay attention to his policies which are destroying the country.
He is really just saying that he wants to purposely devalue the dollar to nominally increase wages and artificially boost exports. That’s a great plan.
Excess consumption combined with massive Bismarckian social welfare is a guaranteed failure, and we're seeing it play across Europe now, and America pretty soon.
True economic strength is based upon things like the use of natural resources, agriculture, and industrial production.
This is Keynesian. That philosophy isn’t just “spend your way out of a recession”, it also rails against perpetual trade deficits and argues for the implementation of tariffs to arrest their growth. Obama is 100% on board with Keynesian economic policies, and this further cements that fact.
OK, so how do you export more when you've priced your local labor higher than global labor? Oh, that's right--import more illegal labor and let employers pay them slave wages while you look the other way.
all democrats talk like republicans when they get worried about re-election
Coming from the same guy who last week submitted a budget with an astronomicle, record smashing 1.5 TRILLION dollar deficit.
The disconnnect between what this man says and what he does is impossible. He's either a blatant craven liar who really believes EVERYONE who hears him is a deluded moron, or he himself is a deluded moron.
“....we need to move beyond an economy that is fueled by budget deficits and consumer demand,” the president said.”
Well...I am glad to hear he plans to repeal NAFTA.....
Just like the RINOs that talk like conservatives every election cycle.
0bama is becoming Clintoon.
What he is saying are focus-group vetted phrases.
yeppers- RINO’s campaign like conservatives and govern like democrats
and democrats campaign like conservatives and govern like, well, democrats
D.OH! Time to clean House, bottom to top
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.